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SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
94
8.
DEPOSITS
Interest-bearing deposits consisted of the following (dollars in thousands):
2015
2014
Interest Bearing Demand Deposits
125,210
$
110,840
$
NOW
306,630
275,494
Savings
193,052
167,655
Money Market
101,562
117,907
CDAR's, under $250,000
14,109
11,299
Time, under $250,000
141,773
151,719
Time, $250,000 or more
150,041
135,884
Brokered Deposits
-
5,000
1,032,377
$
975,798
$
December 31,
Aggregate annual maturities of time deposits were as follows (dollars in thousands):
Year Ending December 31,
2016
296,521
$
2017
4,328
$
2018
1,655
$
2019
1,981
$
2020
735
$
Thereafter
702
$
305,922
$
Interest expense recognized on interest-bearing deposits consisted of the following (dollars in thousands):
2015
2014
2013
Interest bearing demand deposits
$ 355 $ 283 $ 281
NOW
344 338 359
Savings
207 241 285
Money market
78 80 94
CDAR's
8 11 36
Time deposits
782 1,017 1,243
Brokered Deposits
11 94 157
1,785
$
2,064
$
2,455
$
Year Ended December 31,